Standard Payment Process (User → Merchant)

  1. User Chooses Payment Method: The user selects the payment method (SLOR / USDT / Stablecoin) in the TitanPay wallet.

  2. Scan Merchant Payment Code: The user scans the merchant’s on-chain payment QR code, automatically filling in the amount and currency.

  3. Initiate Payment Transaction: The wallet initiates the on-chain transaction, signs it, and broadcasts it to the Slor main chain.

  4. Transaction Verification: The Slor main chain verifies the transaction, completes the payment, and generates a TxHash.

  5. Payment Confirmation: TitanPay’s backend listens for the transaction on the chain and sends an account confirmation to the merchant’s POS terminal.

  6. Payment Completion and On-Chain Proof: The transaction summary is stored on the chain, and the user’s credit score is updated.

PreviousOverall Payment Architecture ComponentsNextContract Logic Mechanisms

Last updated